When the topic of productivity growth comes up, a common retort is that productivity and pay have delinked, meaning all the gains of productivity growth go to the top while workers' wages remain stagnant. So how well do productivity gains translate into higher wages? It's an important question with implications for public policies designed to boost productivity growth. Today, I'm joined by Anna Stansbury, whose work on productivity and pay offers some answers.

Anna is an Assistant Professor in Work and Organization Studies at MIT Sloan and a Nonresident Senior Fellow at the Peterson Institute for International Economics. She and Larry Summers authored "Productivity and Pay: Is the Link Broken?" and "The Declining Worker Power Hypothesis."